Ranpak Holdings Corp. (NYSE:PACK) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Ranpak Holdings Corp. (NYSE:PACK) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 352,346 shares of the company’s stock after purchasing an additional 7,796 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ranpak were worth $2,424,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Ranpak during the 3rd quarter worth $39,000. Quantbot Technologies LP purchased a new stake in shares of Ranpak in the third quarter valued at about $42,000. Glenmede Trust Co. NA acquired a new stake in shares of Ranpak during the third quarter worth about $67,000. Paloma Partners Management Co purchased a new position in shares of Ranpak during the third quarter worth about $68,000. Finally, BNP Paribas Financial Markets increased its position in Ranpak by 27.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,258 shares of the company’s stock valued at $93,000 after acquiring an additional 3,087 shares during the period. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Stock Down 2.9 %

Shares of Ranpak stock opened at $5.41 on Friday. The company has a market cap of $452.00 million, a P/E ratio of -22.53 and a beta of 2.59. The firm has a fifty day moving average of $6.65 and a two-hundred day moving average of $6.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36. Ranpak Holdings Corp. has a one year low of $5.32 and a one year high of $9.04.

Analyst Ratings Changes

Separately, Cantor Fitzgerald started coverage on Ranpak in a research note on Thursday, December 19th. They issued an “overweight” rating and a $11.50 target price on the stock.

About Ranpak

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.